4. A preferred stock pays annual dividends of $1.75. How much are you willing to pay today to buy one share of this stock if you want to earn a 12.5 percent rate of return? 5. A project will produce cash flows of $6,000, $7,500, $9,000, and $11,000 a year for the next four years, respectively. What is the value of these cash flows today at a discount rate of 8.5 percent